Accenture has acquired Impendi, a sourcing and procurement services provider with a focus on private equity clients, expanding a critical capability to Accenture’s growing offerings for this industry.
Impendi helps private equity companies make sourcing and procurement decisions that increase their profitability and improve the bottom line of their portfolio companies. The firm’s procurement analytics offering allows clients to track spend, identify opportunities for savings and cash release, and improve supplier diversity across their portfolio, as well as conduct due diligence and investment research – leading to faster time to value with their investments, according to the statement.
“We’ve been focused on adapting Accenture’s leading industry and technology expertise into repeatable solutions tailored to the needs and prioritized levers of private equity portfolio company executives, investment professionals and operating partners,” said Jay Scanlan, global lead of Accenture’s Private Equity group. “Impendi will help us accelerate that mission with their innovative sourcing and procurement solutions, proven advisory, execution and analytics services for the private equity industry from due diligence to value creation and value delivery.”
“By joining our Sourcing and Procurement practice, Impendi can help bring the full breadth of our third-party cost reduction and procurement transformation capabilities – from advisory to technology and managed services – to private equity clients and their portfolio companies,” added Jack Azagury, group chief executive for Strategy & Consulting at Accenture. “This move is part of our continued investment to serve our private equity clients and enables us to further expand the Sourcing and Procurement practice while building capabilities that help our clients on their path of continuous reinvention and to realize value at pace.”
Headquartered in New York, Impendi was founded in 2014 and has approximately 130 sourcing and procurement professionals in the U.S. and India. Beyond leading private equity firms, its clients include companies in the financial and professional services, manufacturing, consumer goods and technology industries.
Nathan MacCarter, managing partner and CEO of Impendi, commented: “Leaders in private equity and other industries trust Impendi for our knowledge of strategic sourcing, expertise in spend categories and data-driven insights that help guide decision-making and enhance enterprise value. As part of Accenture, we will be able to capture even greater value for clients.”
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